Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : THE NEW ISSM!!!! -- Ignore unavailable to you. Want to Upgrade?

To: sandstuff who wrote (65)	1/24/1999 10:39:00 AM
From: sandstuff	Read Replies (2) \| Respond to of 915

Is this what everyone is excited about? cyberramp.net Some things I picked up on 1) It's spelled "Gallium Arsenide"...they can't even spell the technology they are touting. 2) "Product" is vague...is it a board? is it a chip? is it IP? 3) The "product" was developed by a company called "World Wide Video" (who (surprise) seems to have no web presence) and licenced to Datapower to ISSM for non-US countries...smells fishy. 4) You will see gallium arsenide chips are used in rf/wireless applications. Because of cost, I doubt you will see in desktop applications. 5) Everything is kept vague with no specifics...really smelly Lots of warning signs here I hold no position on this stock. FOR IMMEDIATE RELEASE International Semiconductor Corp and DataPower USA, Inc Enter Into Merger Agreement DEAL POSITIONS COMPANY FOR RAPID GROWTH January 21, 1999 -- International Semi Conductor, Inc.,(ISSM) and Datapower USA, Inc.,(DataPower) announced today that the two Companies have signed a Memoradum of Understanding to complete a share exchange whereby ISSM becomes the parent company of DataPower. Upon completion, the agreement will give ISSM a fifty-nine (59%) percent stake in Datapower USA. ISSM is the developer of a new generation of stable low cost Gallium Arcinide products for the electronic, defense and telecommunications industries. Datapower is licensed to manufacture and markets Video Telephony products in Canada, Australia New Zealand and South Africa under an exclusive agreement with World Wide Video, Inc. Under the terms of the License agreement Datapower can “Private Label” these products for distribution through out the world. DataPower products use proprietary compression programs and hardware that allow the transmission of Video, Voice and Data over POTS lines and the internet at speeds of up to 15 clear frames per second. Robert M. Terry, ISSM Chairman said “This transaction now gives our company two major opportunities in one of the fastest growing markets in the world. We believe that telecommunications companies will be demanding Video and Data transmission products that are superior and more reliable than high heat effected silicon based chips and diodes. Cost effective , high speed, reliable Gallium Arcinide based components are the wave of the future for burgeoning Telecommunications and Computer industries.” Related to video compression applications, Brian Harris, President, DataPower commented. "We agree with industry forecasts that the video phones market and videoconferencing markets will total over $15 billion within the next five years. We think that it is very close to finally taking off. The $30 million investment of Intel into Picturetel, who is the leader in broadband applications appears to validate a market that has been waiting to happen. The potential for video telephony includes every desktop computer, every home and every business that needs to communicate. High quality, low cost video is the next "killer" application. The fact that our products will provide video service at a new plateau in availability, video quality and at a lower cost over Plain Old Telephone Systems (which represent over 87% of the world's present telephone networks) is a tremendous opportunity."